A busy day for Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF, SPDR Portfolio S&P 500 Growth ETF, ETFMG Alternative Harvest ETF, being the prominent etfs displaying higher volumes than usual.
Here's an update with information from the last trading session: Markets completed a mixed session yesterday, as Nasdaq was down 0.29% before closing the session at 12,037. Dow Jones closed the day at 33,875, having gained 0.2%.
Why trading volume matters?
Trading volume is simply the total number of shares traded including both buy and sell orders. If a stock has appreciated on high volume, it is more likely to be a sustained move compared to an appreciation with low volume. Typically, high volume trading sessions are considered significant occurrences and closely watched by traders.
While trading was mostly sideways yesterday, several etfs were actively traded. Here's an update:
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF has fallen back around 31% over the past 10 months, from a notable high of $20.69. The fund has been trending positively for about a month.
SPDR Portfolio S&P 500 Growth ETF recovered back to $55.75 after dipping down to $55.46, in a session that followed Friday's $55.68 close value.
Over the past 11 months, ETFMG Alternative Harvest ETF has retreated 62.51% from a noteworthy peak of $8.59. The fund has been trending lower for about 2 months.
— Average trading volume refers to a 21-day rolling average.